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ARTICLE · 03 JANUARY 2024

ESMA Publishes Finalised Draft Implementing Measures Under The ELTIF Regulation

Dillon Eustace
Dillon Eustace
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Dillon Eustace

Dillon Eustace

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The revised ELTIF Regulation[1], commonly referred to as ELTIF 2.0, enters into force on 10 January 2024.

European UnionWealth Management
Brian Kelliher
Brian Kelliher
Cillian Bredin
Cillian Bredin
Derbhil O'Riordan
Derbhil O'Riordan
David Lawless
David Lawless
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Background

The revised ELTIF Regulation1, commonly referred to as ELTIF 2.0, enters into force on 10 January 2024.

Under the regulation, ESMA is mandated to prepare draft implementing measures on various aspects of the ELTIF framework. As part of its preparatory work, it published a consultation paper earlier this year in which it sought feedback from interested stakeholders on its proposed implementing measures.

ESMA has now published a report containing its finalised proposals (Draft Implementing Measures)which have been submitted to the European Commission for its consideration.

We have set out below some of the key provisions of the Draft Implementing Measures likely to be of interest to asset managers who may be considering the ELTIF product to house investments in private assets, property, infrastructure and other real assets.

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